Market stakeholders in Nigeria have called
on the Federal Government to give top consideration to the constitution of the
Securities and Exchange Commission of Nigeria board.

This was the assertion of some of the
panelists at the 2018 Chartered Institute of Stockbrokers in Nigeria 2018
conference in Lagos.

It was part of the major takeaways from
the discourse on “The Regulator’s Role in building Nigeria’s Capital market
Architecture”.

Chairman of the board of the Investors
Protection Fund, Barrister Lawrence Fubara Anga believed having the SEC Nigeria
board was vital to the efficiency of the regulator in the capital market.

He further stated that it will strengthen
corporate governance which is critical to boosting investor confidence in the
Nigerian market.

Mr Haruna Jalo-Waziri the MD/CEO of the
Central Securities Clearing Systems Plc giving his perspective said it must be
part of the communiqué of the 2018 CIS Nigeria conference to policy makers.

Waziri was of the view that having a board
in place positions the apex regulator of the capital market, to perform its
role seamlessly.

The CEO of CSCS also made a strong case
for market advocacy amongst stakeholders, to emphasize the need for government
to take action on the SEC Nigeria board.

On his part the Chairman of the panel
session Mr Olutola Mobolurin a veteran stockbroker and Chairman, NASD Plc said
the policy makers need to pay more attention to the issues that will create an
enabling environment, for the capital market.

Mobolurin decried the fact that SEC
Nigeria was without a board for three years, and called on the federal
government to take urgent steps to address it.